Saudi’s Sipchem plans $400 mln sukuk in Q1 2011

From Reuters: Saudi International Petrochemical Co (Sipchem) plans to raise at least 1.5 billion riyals ($400 million) by the first quarter of next year to finance expansion, the firm said on Tuesday.
“We are expecting to raise a minimum of 1.5 billion riyals; hopefully, it can go up to 2 billion riyals,” Chief Executive Ahmad al-Ohali told Reuters……………………………………….Full Article: Source